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MBK Rental Living and R.d. Olson Construction Team Up on 330-unit Luxury Apartment Project

MBK RENTAL LIVING AND R.D. OLSON CONSTRUCTION TEAM UP ON 330-UNIT LUXURY APARTMENT PROJECT IN MENIFEE MASTER-PLANNED COMMUNITY

Construction is underway at Artesa at Menifee Town Center, slated to open early 2020

Irvine, Calif. (February 6, 2019) - MBK Rental Living and R.D. Olson Construction announce the groundbreaking of Artesa at Menifee Town Center, a Spanish mission-style apartment community located in the heart of Menifee. Offering urban-style living in a small-town setting, the MBK Rental Living community will include 37 two- and three-story walk-up apartment buildings with one-, two- and three-bedroom options. The 15-acre apartment complex is general contractor R.D. Olson Construction's third multifamily project in Riverside County and the largest in the firm's history.

Located at 30414 Town Center Drive near Interstate 215, Artesa will offer residents eight floor plans with apartment units ranging from 820 to 1,322 square feet and feature luxury interior finishes including modern cabinetry, quartz countertops, stainless-steel G.E. appliances and distinctive wood-style flooring. Tenants will enjoy a host of community amenities including two fitness centers, a resort-style pool and spa, barbeque area, dog park, a mix of outdoor communal spaces, and a large clubhouse with full kitchen for community events.

"One of our main goals with Artesa at Menifee Town Center is to create a walkable and vibrant 'urban' environment, which is something that is lacking in the area," said Craig Jones, president of MBK Rental Living. "The more options and attractions that a town center provides amount to more human connections and that all-important sense of place."

Artesa is located within walking distance to an abundance of shopping, dining and entertainment options at Menifee Town Center, including the planned Krikorian Entertainment Center's stadium-style theaters, sports bar, bowling alley and fun zone/gaming area. The community also is in close proximity to Menifee Lakes Plaza, the City of Menifee Civic Center, Mt. San Jacinto College and Menifee Lakes Country Club and Golf Course.

"We are honored to work with MBK Rental Living to bring a much-anticipated option for luxury living to residents in the fast-growing city of Menifee," said Bill Wilhelm, president of R.D. Olson Construction, an award-winning general contracting firm commemorating 40 years of building in California. "This project bolsters our multi-unit housing portfolio and enables RDOC to foster a new and exciting relationship with MBK Rental Living, an organization that shares equally in our deep commitment to people, quality and excellence."

In addition to R.D. Olson Construction, the project partners for Artesa at Menifee Town Center include SummA Architecture, Gouvis Engineering, Alliance Land Planning, and Sitescapes. Pre-leasing is projected to start early 2020.

About MBK Rental Living
MBK Rental Living is active in the acquisition and development of apartment communities. The company's mission is to provide top quality shelter to residents in California. Throughout its nearly 20 years, MBK has earned a reputation for delivering award winning customer satisfaction in housing that is innovative in design, comfort, sustainability and craftsmanship, all at an excellent value. MBK Rental Living is a division of MBK Real Estate Ltd., the U.S. real estate development arm of Mitsui & Co., Ltd., one of the world's largest corporations. MBK Real Estate's companies span a wide spectrum of real estate development, including homebuilding, retail and senior housing divisions. MBK Rental Living is headquartered in Irvine, California. Corporate offices are located at 4 Park Plaza Suite 1000, Irvine, CA 92614; or visit the website at www.mbkrentalliving.com.

About R.D. Olson Construction
Founded by Bob Olson in 1979 and led by President Bill Wilhelm, R.D. Olson Construction commemorates 40 years of building and is one of the top 40 general contracting firms in California. R.D. Olson Construction is a premier builder of hotel properties for several national hoteliers, including Marriott, Hilton, Hyatt, Ritz Carlton, and Starwood and has a robust portfolio of renovation projects including Atria Senior Housing, Chapman University's Reeves Hall, the conversion of the historic Bank of Italy Building into the Nomad Hotel, and more. The firm also has a rich history as a builder of office, retail, restaurant, multi-family, education, senior living and recreational projects. www.rdolson.com